Digital Swiss Franc
DCHF to CHFThe Digital CHF (DCHF) is a Sygnum settlement token pegged to the Swiss Franc. For every settlement token minted in its client accounts, Sygnum holds the equivalent amount of CHF as collateral in the Swiss National Bank (SNB). As a bank, Sygnum and its products and services are regularly audited.
- Sygnum’s DCHF is a key component for leveraging the advantages of DLT-based financial infrastructure, including immediate delivery versus payment (T=0) and no counterparty risk, thereby transferring value more efficiently.
- The settlement token framework and technology developed for Sygnum’s DCHF can be replicated with other major national currencies.
- This CHF-pegged settlement token was the first to be issued by a regulated Swiss bank with a full digital asset banking suite.
Settlement tokens, also called stablecoins, are digital assets that can be pegged against any national currency. The Sygnum DCHF acts as bridge between other digital assets and fiat currencies, increasing transaction ease and efficiency. Sygnum’s DLT-based DCHF can be transferred in real-time, resulting in almost immediate settlement of transactions and eliminating the need for intermediaries. Employing DCHF in these instances reduces complexity, costs and time, and alleviates counterparty risk. For institutional clients, the Sygnum DCHF is a central component of the digital asset ecosystem that enables the full integration of asset tokens into banking infrastructure.
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